Nike (NKE+3.3%) is the biggest gainer in the Dow 30 after HSBC boosts its rating to Buy from Hold.

The investment firm sets lifts its price target by $4 to $60 on the Swoosh.

HSBC: "While we have been cautious for quite a while on the stock as we saw too much enthusiasm and were even scolded by many investors when we downgraded our rating to Hold 18 months ago, sentiment has turned in a very quick manner recently with caution on Nike becoming the latest fashion."

Channel checks from Piper Jaffray indicate most of the consumer action last night was focused on toys, electronics and beauty. The first two categories are business as usual for the shopping event, but strong traffic at beauty stores could be an extra boost for Ulta Salon (NASDAQ:ULTA), Sally Beauty Holdings (NYSE:SBH) and e.l.f. Beauty (NYSE:ELF).

Some companies will likely be allowed to repatriate billions of dollars of profits at a low tax rate. Major beneficiaries could include Nike (NYSE:NKE), Procter & Gamble (NYSE:PG), Caterpillar (NYSE:CAT), Visa (NYSE:V) and Mastercard (NYSE:MA).

Neuberger Berman's Joseph Amato says that a Trump administration will be better for stocks than bonds. "If [Trump] takes a measured approach and gets some level of concessions for U.S. workers, the trade concerns may be much ado about nothing," Amato says. "But that's a big if."